Here’s all about the recent performance of Zimmer Biomet

Zimmer Biomet, established in the year 1927 in Warsaw, Indiana, has been under the radar for quite a while. For those of you who don’t know about the firm, here is a little snippet. Zimmer Biomet is a medical device manufacturing company and is listed in the New York stock exchange as NYSE: ZBH at But that’s not all as it is one of the highest bidding players in the market. Its stock price is gigantic with $175 as the highest estimate and $100 being the lowest.

Zimmer is currently trading at $130.40 per share and analysts are wooed with its consistent development over the past few years. Now, you must be thinking that it is a very high investment for you to start with. Well, there’s no doubt about that but if we look at the earnings per share, it has been paying its investors quite well. It has never missed the estimated earnings per share for the last 2 years. Moreover, in the first quarter of 2020, it has given more than estimated which is quite a value.

Analysts’ reviews on NYSE: ZBH

Zimmer Bionet is very dynamic in its operations and is expanding with its huge hedge fund reserve. Furthermore, their recent development in surgical equipment has reconstructed the market for them. Apart from this, they have acquired Centerpulse and Biomet who were specialized players in the medical device market. During these announcements, NYSE: ZBH was trading up by 5.5% at $131 per share.

Now, you can see that even slight growth in the trading percentage can help you gain a gem for each share. Many financial analysts have kept their eyes glued to the movement of the stock prices. Eventually, around 90% of analysts believe it as a good buy. The price target by the consensus is marked at $147 at 12% growth. It means if you purchase a stock today worth $132, you can expect a hike of up to $147 rendering a gain of $12 a share.

In a market so volatile, earning $12 a share can bring fortune to you. If you look at the past trend of this stock, you will see that it has not disappointed its investors. However, the market is uncertain and you will experience some plunges but in the long run, you can see for the data yourself.

Zimmer Biomet is also very aggressive in acquisitions and mergers and you can see many subsidiaries that they hold jointly with a prevalent presence in more than 40 countries and still growing. With such a growth in its arsenal, the Zimmer group is all set to set the bar high for other players in the field. If you want to know how to buy stocks online, you can check at online stock trading platforms.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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